If the applicant was referenced at the beginning of the tenancy and paid six months in advance, what should we do when the initial tenancy term comes to an end?
We would ordinarily ask for the full rental amount in advance only due to factors such as: unemployment, foreign resident with no employment, being unable to provide sufficient proof of income etc. At the end of the initial tenancy term it is advisable to re-reference the tenant to confirm whether you will need to take another advance rental payment or if they could in fact now meet the requirements.
